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1398 Shipley Rd, Cookeville, TN, 38501

2beds
1baths
980sqft
$145,000
$148price/sqft
$1,038/moest. monthly cost
$41,520/yrincome needed

About This Home

2 mobile homes on 2 road frontages. Close to TN Tech and the hospital. Great rentals or live in one and rent the other. Great investment opportunity. TLC needed. Includes 1230 Phillips Drive.

Getting Around

16
WalkingCar-Dependent
0
TransitVery Limited Transit
4
BikeSomewhat Bikeable

Schools

5/10
4/10
8/10
Cookeville High SchoolGrades PK,9-121.8 mi

Construction

Condition

  • Year built: 1989

Materials

  • Roof: Metal
  • Construction materials: Metal Siding,Frame

Type & Style

  • Home type: MobileManufactured
  • Property subType: Manufactured Home

Interior

Appliances

  • Appliances included: Electric Water Heater

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Interior Area

  • Total structure area: 980
  • Total interior livable area: 980 sqft

Property

Details

  • Parcel number: 027 121.02

Features

  • Patio & porch: Covered

Lot

  • Lot size: 0.64 Acres
  • Features: Corner Lot,Cleared
  • Lot size dimensions: 0.64 ac

Parking

  • Parking features: None

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningRelatively High
  • Cold Wave
    Cold WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Cold Wave
Strong Wind
Tornado
Winter Weather

FEMA Declared Disasters Across Tennessee Counties

Flood
Freezing
Severe Ice Storm
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $733$8,796
Home Insurance $73$876
Property Taxes $57$684
Electricity $175$2,103
Total$1,038$12,456

Income You'd Need if You Spent...

35% on housing$35,588/yr
40% on housing$31,140/yr
45% on housing$27,680/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.7%
9.7%
0%30.0%
Electricity Growth Rate10-year average: 4.5%
4.5%
0%15.0%
Property Taxes Growth Rate2-year average: 1.8%
1.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$148This listing

vs Other Active Listings

Avg $/sqft

ZIP 38501$152
Putnam County$168

vs Homes Sold Last Month

Median $/sqft

ZIP 38501$178
Putnam County$193

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2024-02-07Price change$145,000
2024-02-07Price change$345,000
2023-11-27Price change$155,000
2023-11-27Price change$375,000
2023-10-07Price change$390,000
2023-10-07Listed for sale$160,000
1998-08-28Sold$25,000
1996-12-06Sold$17,000
1996-04-22Sold$17,000

For Sale by Agent

AgentKelly Morgan
BrokerageThe Realty Firm

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